194 ia

This query is : Resolved

Ahamed Kabeer (Querist)
Follow

23 May 2016 Sir,
I need clarification for 194 IA TDS on Sale on Immovable property payment due date for the month of Mar-2016. For example transaction date is 01.03.2016 what is due date of tax deposit in Central Government Account . Please clarify this issue .

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
Follow

23 May 2016 As per sub rule (2a) of rule 30 TDS u/s 194IA is required to be deposited within seven days from the end of the month in which deduction was made. So in your case TDS was required to be deposited on or before 07.04.2016 for the month of March. This rule is amended w.e.f. 01.06.2016 in which time limit will be extended to 30 days instead of seven days but as of now it is seven days only for transactions effected during march.

Ahamed Kabeer

Ahamed Kabeer (Querist)
Follow

23 May 2016 thank you for your valuable feedback sir

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
Follow

23 May 2016 Time limit for March transactions will be 30th April 2016, same will be applicable for Tds under sale of immovable property.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

velichety.l.narasimharao

Akhila Ajayan

Amit Bagla

GIRISH K SATTI

Ravi

Subscribe Now

194 ia

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

Article Assistant

GST CONSULTANCY

CA Final

Manager- Finance and Compliance